Annual Report 2004-2005 - Forensicare

(d)
Equity
Total equity at the beginning of the reporting period 36,144 37,996
Total changes in equity recognised in the Statement
of Financial Performance 5,315 (1,853)
Total Equity at the reporting date 41,459 36,144
Note 13
Reconciliation of Net Result for the Year to Net Cash Flows
from/(used in) Operating Activities
Net Result for the Year (905) (1,853)
Depreciation & Amortisation 1,232 1,243
Net (Gain)/Loss from Sale of Plant and Equipment (36) 17
Change in Operating Assets & Liabilities,
Net of Effect from Restructuring
Increase/(Decrease) in Payables 423 (229)
Increase/(Decrease) in Employee Benefits 437 93
(Increase)/Decrease in Other Current Assets 30 (37)
(Increase)/Decrease in Receivables (272) (372)
Net Cash Flows From/(Used In) Operating Activities 909 (1,138)
Note 14
(a)
Financial Instruments
Interest Rate Risk Exposure
The Institute’s exposure to interest rate risk and effective weighted average interest rate by maturity periods is set
out in the following table. For interest rates applicable to each class of asset or liability refer to individual Notes to
the Financial Statements. Exposures arise predominantly from assets and liabilities bearing variable interest rates.
Interest rate exposure as at 30/06/2005
Floating 1 year 1 to 5 Over 5 Non Total Weighted
Interest Rate or less years years Interest 2005 Average
Bearing
Interest
Rates
$’000 $’000 $’000 $’000 $’000 $’000 (%)
Financial Assets
Cash at Bank 3,889 - - - - 3,889 4.99%
Trade debtors - - - - 918 918 N/A
Other receivables - - - - 1,314 1,314 N/A
Total Financial Assets 3,889 - - - 2,232 6,121 4.99%
Financial Liabilities
Trade creditors and accruals - - - - 2,650 2,650 N/A
Total Financial Liabilities - - - - 2,650 2,650 N/A
Total Financial Asset / Liabilities 3,889 - - - (418) 3,471 N/A
Interest rate exposure as at 30/06/2004
Floating 1 year 1 to 5 Over 5 Non Total Weighted
Interest Rate or less years years Interest 2005 Average
Bearing
Interest
Rates
$’000 $’000 $’000 $’000 $’000 $’000 (%)
Financial Assets
Cash at Bank 3,337 - - - - 3,337 4.48%
Trade debtors - - - - 885 885 N/A
Other receivables - - - - 1,105 1,105 N/A
Total Financial Assets 3,337 - - - 1,990 5,327 4.48%
Financial Liabilities
Trade creditors and accruals - - - - 2,227 2,227 N/A
Total Financial Liabilities - - - - 2,227 2,227 N/A
Total Financial Asset / Liabilities 3,337 - - - (237) 3,100 -
69